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The Latest Breaking News from Amit Mehta

Google stock hits all-time high after government backs down and it has AI rivals to thank

Alphabet’s stock closed up 8% Thursday at $231.10, its highest level ever.

Fortune

Google Ordered To Pay $425 Million In Privacy Class Action, Company Says Data Was 'Nonpersonal' And Stored Securely

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) has been ordered to pay $425 million after a federal jury ruled that Google violated user privacy by continuing to collect data even when account tracking settings were switched off.

Benzinga

Alphabet Stock Surges After Dodging Harsh Antitrust Remedies

Judge Mehta ruled Google can keep Chrome and Android, with only narrower restrictions on contracts and data-sharing, avoiding the harshest remedies.

MarketBeat

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‘Slap on the wrist’: critics decry weak penalties on Google after landmark monopoly trial

Judge said tech giant had monopoly but let it keep Chrome and Android; critics cried foul while Wall Street cheered

The Guardian - US

Impact Of US Judge's Ruling On Google's Search Dominance

Google has escaped a breakup of its Chrome browser in a major US competition case, but the judge imposed remedies whose impact remains uncertain just as AI starts to compete with search engines.

International Business Times

Apple Stock Is Rising Wednesday: Here's Why

Apple Inc (NASDAQ:AAPL) shares are trading higher Wednesday after a U.S. judge ruled that Google will not be required to cease payments to the company for preloading Google products.

Benzinga

Alphabet, Apple Stocks Climb In Wednesday Pre-Market: What's Going On?

Stock of Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) climbed 5.75% in Wednesday pre-market after a federal judge ruled in favor of the tech giant in a landmark antitrust case on Tuesday.

Benzinga

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OpenAI's ChatGPT Ironically Helped Google Avoid DOJ Breakup As Judge Cites Generative AI Competition In Landmark Antitrust Ruling

A federal judge's decision to reject a breakup of Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) core businesses highlighted how OpenAI's ChatGPT and the rise of generative AI reshaped the competitive landscape, undermining the Justice Department's landmark antitrust case.

Benzinga

US Judge says Google can keep Chrome, but 'exclusive deals' are a no-go

A U.S. Judge delivered their ruling regarding its antitrust search monopoly case against Google.

Android Central

Jim Cramer Blasts Apple Naysayers, Claims Court Ruling Allows AAPL To Get Paid For AI, Not Pay For It

CNBC's Jim Cramer launched a fiery defense of Apple Inc. (NASDAQ:AAPL) on Wednesday, claiming a pivotal U.S. court ruling has fundamentally reshaped the tech giant’s artificial intelligence strategy, allowing it to get paid for AI rather than funding an expensive catch-up.

Benzinga

Google will not be forced to sell Chrome, but will have to give up exclusive search deals

It comes a year after a judge ruled that Google acted illegally to maintain a monopoly in online search.

Euronews

Google just dodged a major penalty in the courts – here’s what happens next

Google will not have to sell its Chrome web browser in order to fix its illegal monopoly in the online search business, a United States federal judge has ruled. It will, however, need to do a few other things, such as sharing data with rival companies, in order to improve…

The Conversation

Jim Cramer Says 'Apple Own It Don't Trade It' After Judge Allows Google To Keep Search Deal With iPhone Maker: Stock Jumps 3% After Hours (UPDATED)

Editor’s Note: This story has been updated to include fresh comments from Jim Cramer.

Benzinga

Google Ruling A 'Huge Win' For Big Tech, Says Dan Ives, Munster Labels Regulator's Bark 'Bigger' Than Bite — Alphabet Stock Soars After Hours

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) surged in after-hours trading after a federal judge ruled the company will not have to divest its Chrome browser or Android operating system in a landmark antitrust case, prompting praise from Wall Street analysts and sharp criticism from Sen. Elizabeth Warren (D-Mass.).

Benzinga

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Benzinga

Google-Parent Alphabet, Apple, Zscaler, Coreweave And Opendoor: Why These 5 Stocks Are On Investors' Radars Today

U.S. stock futures slipped on Tuesday as major benchmarks fell. The Dow Jones Industrial Average lost 0.55% to 45,295.81, the SP 500 dropped 0.7% to 6,415.54, and the Nasdaq declined 0.8% to 21,279.63.These are the top stocks that gained the attention of retail traders and investors through the day: Alphabet…

The Guardian - US

Google will not be forced to sell Chrome, federal judge rules

Judge says tech giant can keep world’s most popular browser in ongoing battle over firm being ruled monopoly

International Business Times

Google Not Required To Sell Chrome, Judge Rules

A US judge on Tuesday rejected the government's demand that Google sell its Chrome web browser as part of a major antitrust case but imposed sweeping requirements to restore competition in online search.

Benzinga

Alphabet Stock Hits All-Time High After Judge Issues Ruling In Antitrust Case

Alphabet Inc (NASDAQ:GOOG) shares are hitting new all-time highs in Tuesday’s after-hours session after a U.S. judge issued a sealed decision in the Google online search monopoly case.

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The Independent UK

Google avoids breakup in search monopoly case, but judge orders other changes in landmark ruling

A federal judge on Tuesday ordered a major makeover of Google’s search engine in a crackdown aimed at curbing the corrosive power of an illegal monopoly, but rebuffed the U.S. government’s request to break up the company

Fortune

I’m a CEO who bid for Google’s Chrome browser. Even if we don’t win, here’s why this is a fork in the road for digital capitalism

Judge Amit Mehta’s landmark ruling against Google is a once-in-a-generation moment to reshape the internet itself.

Benzinga

Perplexity AI Makes $34.5 Billion Cash Bid For Google Chrome, Backed By Funds As Analyst Says Offer 'Vastly Undervalues' Asset

Perplexity AI, a San Francisco-based startup backed by Nvidia (NASDAQ:NVDA), SoftBank, and Jeff Bezos, has made an unsolicited $34.5 billion cash offer to acquire Google's Chrome browser, one of the most widely used internet tools in the world, Bloomberg reports.

International Business Times

Perplexity AI Offers Google $34.5 Bn For Chrome Browser

Perplexity AI offered Google on Tuesday $34.5 billion for its popular Chrome web browser, which the internet giant could potentially be forced to sell as part of antitrust proceedings.

Fortune

Apple risks $12.5 billion revenue hit as judge weighs Google antitrust remedies, J.P.Morgan warns

The worst-case scenario is that Apple loses 15% of its earnings per share.

Benzinga

Google Parent Alphabet's Legal Woes May Create Buying Opportunity: Analyst

Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) is navigating a pivotal period marked by accelerating business fundamentals, robust advertising performance, and strong leadership in AI and cloud computing, even as a critical antitrust ruling looms.

Benzinga

Google Faces Judge's Ruling, But Relief May Be In Sight

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) shares have been under pressure since the second-quarter earnings with investors focusing on Judge Amit Mehta's impending decision on remedies for Google's search monopoly, according to JPMorgan.

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